Weekly Industry News – Anti-Corruption / FCPA & International Trade

Anti-Corruption / FCPA & International Trade – the latest on Alcoa’s bribery probe, SEC proposes new rules and more. Alcoa Pays $384 Million to Resolve Bahrain-Bribery Probe by Alan Katz Published on Bloomberg.com Alcoa Inc. (AA), the largest U.S. aluminum producer, agreed to pay $384 million to resolve U.S. criminal and civil probes, after a unit…

Weekly Industry News: Financial Services, Insurance & Reinsurance

Financial Services, Insurance & Reinsurance – the latest on J.P Morgan’s prepaid card business, the financial services data center and more. Rethinking The Financial Services Data Center by Greg MacSweeney Published on wallstreetandtech.com The great boom in building financial services datacenters is over. In fact, it ended a few years ago. Although it hasn’t been that long since…

Weekly Industry News – Pharma & Healthcare

Pharma & Healthcare – the latest on proposed rules to expand from healthcare reform, Sanofi to pay $700 Milion for Alnylam Drugs and Stake and more.   Proposed Rules Expand Exceptions from Healthcare Reform by Lori Oliphant Published on jdsupra.com On December 24, 2013, the Departments of Treasury, Labor, and Health and Human Services (collectively, the “Departments”) jointly issued proposed…

Weekly Industry News – China & Singapore: Legal, Regulatory and Compliance

China & Singapore: Legal, Regulatory & Compliance – the latest on China”s export growth, the China Food and Drug Administration and more. China December export growth slows  by XIAOYI SHAO and KEVIN YAO Published on Reuters.com China’s export growth slowed more than expected in December due to a higher comparison base a year earlier and a clamp-down…

Weekly Industry News – Employment Law

Employment & Benefits – Seventh Circuit address worker’ compensation policy, New Jersey law against discrimination and more. Seventh Circuit Addresses Coverage Under Workers’ Comp Policy By Brian Bassett, Robert Dennison, Neal Kojima, Brian Margolies  Published on jdsupra.com In its recent decision in YKK USA, Inc., v. Safety Nat’l Cas. Corp., 727 F.3d 782 (7th. Cir. 2013), the United States Court of…

Weekly Industry News – Anti-Corruption / FCPA and International Trade

Anti-Corruption /FCPA & International Trade – Thai officials face anti-corruption inquiry, Microsoft partners undergo anti-corruption training and more. 308 Thai Officials Face Anticorruption Inquiry by THOMAS FULLER Published on NYTimes.com The anticorruption authorities in Thailand announced Tuesday that they were opening investigations of 308 lawmakers, most of them from the governing party, on suspicion of “malfeasance…

Weekly Industry News – Financial Services, Insurance & Reinsurance

Financial Services, Insurance & Reinsurance – UPS accused of overcharging, credit card predictions for 2014 and more. Fed Should Know Corporates Losing to Derivatives: Credit Markets by  Lisa Abramowicz  Published on BusinessWeek.com Bond investors’ purchases of derivatives averaged the most in five years in 2013 as they sought ways to both amplify bets and hedge against…

Weekly Industry News – Pharma & Healthcare

Pharma & Healthcare – the latest on the FDA quality requirements, J&J $12.5M gamble and more. FDA alerts drive quality requirements upwards in pharma industry: Albert Stevens, IMCD Group by Rakesh Rao  Published on BusinessStandards.com The Euro 1.3-billion Dutch company, IMCD Group BV, is one of the leading distributors of speciality chemicals, representing major global producers and offering…

Weekly Industry News – Pharma & Healthcare

Pharma & Healthcare – the latest on CVS’s False Claims allegations, accusations of insularity haunt the Teva board and more.   CVS Caremark Pays $4.25 Million to Settle False Claims Allegations by Akin Gump Strauss Hauer & Feld LLP Published on jdsupra.com Earlier this month, Caremark Incorporated – a drug benefit management company operated by drug retail giant…

Weekly Industry News – China & Singapore: Legal, Regulatory and Compliance

China & Singapore – the latest on China’s new consumer protection law, China’s official Yang Gang investigation and more. China’s New Consumer Protection Law: Dramatic Changes Ahead by Max Gu, and Amy Sommers Published on jdsupra.com On October 25, 2013, China’s President and Chairman of the Communist Party of China Xi Jinping signed off on the long-expected…

Weekly Industry News – Employment Law

Employment Law – the latest on Bright Petroleum’s violation, Kentucky Friend Chicke’s EEOC Religious Discrimination Lawsuit and more.   Kentucky Fried Chicken Franchise Pays $40,000 to Settle EEOC Religious Discrimination Lawsuit by U.S. Equal Employment Opportunity Commission (EEOC) Published on jdsupra.com Scottish Food Systems,  Inc. and Laurinburg KFC Take Home, Inc. will pay $40,000 and furnish other  relief…